Germany's elections: green light for public investment

Germany's general election will likely result in a centrist and pro-European government, broadly set for policy continuity.

The key takeaways from this Economic Insights are:

  • We expect modestly looser fiscal policy with a stronger focus on public investment.
  • We forecast the robust German recovery to continue through 2022 with real GDP growth of 4.4% and output surpassing pre-pandemic levels this winter.
  • A larger focus on public investment, in particular on infrastructure projects, is an opportunity for insurers and institutional investors.

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Economic Insights Germany's elections: green light for public investment

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